Either Party may disclose Confidential Information to the other Party in confidence provided that the disclosing Party identifies such information as proprietary and confidential either by marking it, in the case of written materials, or, in the case of information that is disclosed orally or written materials that are not marked, by notifying the other Party of the proprietary and confidential nature of the information, such notification to be done orally, by e-mail or written correspondence, or via other means of communication as might be appropriate.
Parties agree that for the purpose of fulfilling statutory obligations imposed by law, these being in particular the provisions of the Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data.
1.1. The Sponsor shall pay the Club 5000 (five thousand) euros (the “Contribution”) to support the Club’s activities in managing and training a team of cricket players, participating in sporting events and competitions, and developing the game of cricket (hereinafter the “Purpose”).
1.2. The Sponsor shall pay the Contribution to the Club’s bank account (specified separately by the Club) no later than by the 5th (fifth) banking day as of the signing of the Agreement by both Parties.
1.3. The Club warrants that the Contribution will only be used for the Purpose defined in this Agreement and not for any other purpose.